China Archives - Panorama Insurance Brokers

Iraq may Buy Exxon stake in West Qurna 1

By John Lee. Press reports quote Iraq’s oil minister as saying that Iraq could buy ExxonMobil‘s 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the Majnoon field… Read More

Chinese Company to Develop Iraq’s Mansuriyah Gas Field

By John Lee. The Chinese company Sinopec (China Petroleum & Chemical Corporation) has won a contract to develop the Mansuriyah gas field in Diyala. The field, near the Iranian border, is expected to produce 300 million standard cubic feet (Mmscf) per day of gas, which will be used for electricity generation. In 2010, an agreement… Read More

Jiyad: Iraq, and the China-Iran Cooperation Program

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq and the China-Iran Comprehensive Cooperation Program The China-Iran Comprehensive Cooperation Program (CICCP) was signed on 27 March 2021; two days later the CICCP’s direct impacts on Iraq began emerging and one… Read More

Iraq Receives First Shipment of Pfizer Vaccine

By John Lee. On Saturday, the Iraqi Ministry of Health announced the arrival of the first batch of the Pfizer-BioNTech vaccine for COVID-19 (coronavirus). It also received another new batch of the Chinese Sinopharm vaccine. The Ministry said it plans to vaccinate 12 million citizens this year. (Source: Govt of Iraq)

New Contracts for Iraqi Drilling Company (IDC)

By John Lee. The Iraqi Drilling Company (IDC) has announced its intention to conclude contracts with Chinese and American companies operating in Iraq to drill and rehabilitate dozens of oil wells in the country. The company indicated it is about to start drilling 20 wells in the Nasiriyah field in Dhi Qar, which are included… Read More

Venezuela managed to send more crude to China in March despite overall dip in shipments

‘,};function wppasReloadBnr_wp606d8c89d6d76(){ jQuery(“.wp606d8c89d6d76”).wppas_show({bid: 45372,bw: jQuery(“.b_cont_wp606d8c89d6d76″).width(),effect:””,html: bhtml_wp606d8c89d6d76,scale: 1,timeline_arr: {“1200”:{“wp9sat6_image”:{“ID”:”wp9sat6_image”,”css”:{“layer”:{“pos_h”:”left”,”pos_v”:”top”,”z-index”:6},”item”:[]},”font”:[],”animation”:[],”data”:{“object”:”image”,”type”:”image”,”itm”:”image”,”icon”:”“,”src”:”https:\/\/oilnow.gy\/wp-content\/uploads\/2020\/10\/oilnow-business.png”,”attach_id”:45370,”layer_css”:{“pos_h”:”left”,”pos_v”:”top”,”z-index”:6},”itm_css”:[]},”zindex”:6,”v”:”522″}},”main”:{“alphaID”:”bK5x8V”},”v”:”530″},ID:45372,alphaID:”bK5x8V”,size:”728×120″,w:728,h:120,status:”active”,advertiser:9578,campaign:””,contract:””,duration:””,showhide:0,scale_banner:1,keep_aspect_ratio:1,no_follow:0,});}jQuery(document).ready(function($){$(window).load(function() {wppasReloadBnr_wp606d8c89d6d76();});}); (Reuters) – U.S.-sanctioned Venezuela managed to ship more crude in March directly to China, its main export destination, even as overall shipments dipped modestly last month, according to internal documents and Refinitiv Eikon data. The South American country’s state-run oil company, PDVSA, and its joint ventures exported an… Read More

Cabinet Extends Contracts of KBR and Antonoil at Majnoon

By John Lee. The Iraqi Cabinet has approved the renewal of two contracts at the Majnoon oil field. Chinese company Anton Oilfield Services Group (Antonoil) is to continue to provide Integrated Field Management, while the American company KBR will provide Engineering, Procurement and Construction Management (EPCM). The decision allows for the extension of the contracts… Read More

Stabroek block co-venturer CNOOC begins production at Chinese oilfield

CNOOC Limited announced on Monday that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. “In addition to fully utilizing the existing processing facilities of Nanpu 35-2 oilfield and Qinhuangdao 32-6 oilfield, the project has built a new central platform,” CNOOC said…. Read More

Iraq to buy Chinese COVID Vaccine

By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister praised the efforts of state institutions and agencies to ensure the implementation of curfew regulations, and thanked all citizens for adhering to preventative health measures. Following… Read More